Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Debentures and Notes Payable (Tables)

v3.19.3
Note 4 - Debentures and Notes Payable (Tables)
9 Months Ended
Sep. 30, 2019
Notes Tables  
Schedule of Long-term Debt Instruments [Table Text Block]
   
September
30,
   
December 31,
 
   
2019
   
2018
 
Notes and debentures payable:
 
 
 
 
 
 
 
 
6.05% Insurance premium finance agreement due July 2019
  $
-
    $
31,089
 
6.30% Insurance premium finance agreement due July 2020
   
55,911
     
-
 
4.75% Convertible debenture due September 2019 (see Note 6)
   
63,675
     
63,675
 
Total notes and debentures payable
 
$
119,586
   
$
94,764
 
                 
Notes payable - related party:
 
 
 
 
 
 
 
 
14% Term loan due December 2019
  $
374,993
    $
374,993
 
14% Term loan due December 2019
   
756,500
     
621,500
 
14% Term loan due December 2019
   
535,941
     
400,941
 
7% Convertible promissory note due December 2019, net
   
250,000
     
228,627
 
7% Convertible promissory note due December 2019, net
   
100,000
     
76,239
 
Total notes payable - related party
 
$
2,017,434
   
$
1,702,300